Given that forex prices often reflect all known information, the technical bearish trend appears to outweigh the mixed fundamental signals and unclear sentiment in the short term. Absent major news or data releases in the next few days (which are unknown here), the recent momentum suggests USD/CAD will continue its downward trajectory from its current range (likely around 1.42-1.44 based on late March levels).Therefore, I expect USD/CAD to move lower in the next few days
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.